The Median Price indicator is simply the midpoint of each
day's price. The Typical Price and Weighted Close are similar indicators.
The Median Price indicator provides a simple, single-line
chart of the day's "average price." This average price is useful when you want a
simpler view of prices.
The following chart shows the Median Price indicator
(dotted line) on top of the hi-low-close price chart.
The Median Price indicator is calculated by
adding the high and low price and dividing by two.